GMO Archives - Blue Horseshoe Stocks

Blue Horseshoe Stocks: Options Review

Nike Inc. NKE

The first of two fresh options ideas submitted in our report in yesterday’s premarket, our NKE targets provided us with some good opportunities early on in the session.

It was the NKE Weekly $89-91 Calls, and despite low volume in the $90.50’s, the rest of those targets worked out just fine. Here are the total possible intraday gains that were on the table.

$89 Calls – Range: 1.69-2.69 – Max Gain: 59%
$89.50 Puts – Range: 1.32-2.06 – Max Gain: 56%
$90 Calls – Range: .99-1.77 – Max Gain: 79%
$91 Calls – Range: .55-1.10 – Max Gain: 100%

SPDR S&P500 (ETF) SPY

By now, our regular readers should know that the SPY is often our go-to target for on-the-fly options ideas. It’s a market analog that has rarely failed us in the past.

Yesterday’s idea of the SPY Weekly $296-297 Calls was no exception to this. Here are the single-session gins that were possible with these ideas.

$296 Calls – Range: 1.06-2.70 – Max Gain: 155%
$296.50 Puts – Range: .85-2.32 – Max Gain: 173%
$297 Calls – Range: .67-1.95 – Max Gain: 146%

The SPY is gapping up again this morning. We’d expect to see these gains extended, and will expand our track list to include the $297.50 and $298 Calls as well.

Fresh Options Ideas:
KBH Weekly 10/18 $32-33 Calls

Extended Watchlist:
PIRS, AREX, EYRN, DHT, STNG, GMO, VBIV

Blue Horseshoe Stocks: IGNG Recap & More

Imaging3, Inc. IGNG

In our report on Tuesday morning, we tagged IGNG for observation, at which time we observed a low of .116 in the stock. Yesterday, following the appointment of a cannabis industry veteran consultant to the company’s LA-based cannabis and CBD subsidiary, (>>View PR). IGNG shot to .295. That’s a two-day swing of 154% , and gives us the interest to continue tracking the stock.

Please watch the following video chart on IGNG where we point out key resistance and support levels which will give you a better idea of what to expect going forward:

IGNG VIDEO CHART
(**We were not compensated in any way to produce this video or coverage on IGNG**)

Weatherford International plc WFTIQ

In the same report from Tuesday morning, we identified WFTIQ as one to watch, and it too has produced a very nice two-session gain opportunity for us.

We witnessed a low of .0198 in the stock, and it went on to see a high of .0264. That works out to a solid 33%

Zscaler Inc. ZS

Lastly, we identified some bearish options ideas for the ZS chain in yesterday morning’s report, and those produced some very nice chances for intraday profits.

ZS Weekly $51-49 Puts
$51 Puts – Range: 2.78-5.00 – Max Gain: 80%
$50 Puts – Range: 1.99-4.00 – Max Gain: 101%
$49 Puts – Range: 1.60-2.60 – Max Gain: 63%

Extended Watchlist:
SBGL, PAR, GMO, OTLK, VTGN, AU, CLVS

Blue Horseshoe Stocks: New Options Ideas & More

Teva Pharmaceutical Industries Ltd. TEVA

We’re very interested in TEVA as a potential bottom bounce play. The stock registered new 52-week lows midway through last week, and has exhibited a solid level of support. Trending up slightly in the premarket, we’re going to be tracking a pair of June options contracts to coincide with what could easily be a significant rebound.

Our specific targets are going to be the TEVA 06/28 $12.50 & $13 Calls, which could present us with sizable opportunities to profit
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Sprint Corp. S

We’re also going to set our sights on a range of Sprint options as the company attempts to gain FCC and DOJ approval on its $26B proposed merger with T-Mobile. The review period ends in June, but we’re more interested in the short term capability of the stock to provide us with quick strike chances. We’re going to radar the S Weekly $7-8 Calls.

Adverum Biotechnologies, Inc. ADVM – Review

A stock we recently began tracking, ADVM has been in a fairly continual uptrend since we signaled it for observation on the morning of April 17th. In the last month, the stock has made considerable bullish strides.

From the low we observed on the day of our initial alert, at 5.44, ADVM has gone on to record a high of 9.17. That comes out to an increase of 69%

Extended Watchlist:
TOPS, GERN, GMO, AMRH, TRQ, CREX, FUN, ICON, SQQQ, TMUS, INDY

Blue Horseshoe Stocks: Form-4 Alert & More

Options Updates

We offered up a couple of fresh options ideas in yesterday morning’s report, GIS Weekly $37.50 Calls, and the MU Weekly $31-32 Calls. Despite the markets taking yet another hit in the wake of the Fed’s interest rate hike, both of those ideas managed to produce some positive intraday movement prior to the announcement.

The GIS $37.50’s traded up from 1.31 to 1.80, for a modest 37% rise, but the MU calls did considerably better, logging multi-bag gain opportunities:

MU Weekly $31-32 Calls
$31 Puts – Range: 1.03-2.47 – Max Gain: 140%
$31.50 Puts – Range: .70-2.21 – Max Gain: 216%
$32 Puts – Range: .46-1.83 – Max Gain: 298%

Axovant Sciences Ltd. AXON – Form-4 Alert

We routinely keep an eye out for brow-raising insider trading activity, and have run across AXON today. A trio of stakeholders filed Form-4’s on Tuesday alluding to the purchase of a total of $30M in AXON stock in three $10M transactions, at the current relative lows near a dollar. That amounts to over a quarter of the company’s total market value.

To us, this would seem a fairly big indicator that these institutional investors are very confident that the stock will not fall below these levels. We’ll go ahead and place AXON on an extended term bottom-watch into the New Year.

Extended Watchlist:
OHGI, OPTT, YRIV, GMO, PTX, GERN, SBS, NXTD, MARK, HEAR

Blue Horseshoe Stocks: BABA, ABIL Recaps & More

Options Recap

Alibaba Group Holding Ltd. BABA– There was quite a to-do yesterday morning after BABA went rocketing up in the premarket on raised revenue guidance, and we jumped at the chance to signal some options ideas to correspond with the activity.

In our premarket report we highlighted the BABA Weekly $140-145 Calls with the explicit warning that “Whenever a stock has gapped up this hard, we must be on the lookout for an early pullback into a dip-and-rip pattern” and we really couldn’t have been more spot-on with how we approached this play if we had a working crystal ball.

We don’t have that, but we do have loads of experience identifying winning options plays, and not only did the stock behave exactly as we said it would, selling off before exploding to new highs, but every single contract we highlighted went bananas as a result. Regardless of which of our four highlighted contracts was chosen as the strike price, gains ranging from the 1100% to the 3100% range. Not bad for a day’s work!

$140 Calls – Range: .34-4.40 – Max Gain: 1167%
$141 Calls – Range: .25-3.65 – Max Gain: 1360%
$142 Calls – Range: .16-2.87 – Max Gain: 1694%
$143 Calls – Range: .12-2.41 – Max Gain: 1908%
$145 Calls – Range: .05-1.63 – Max Gain: 3160%

We’re going to look for similar chart activity today to lead to further gains in these plays, but as we always do when discussing weekly options on a Friday, we feel obligated to warn our readers that trading such contracts is for EXPERT traders only!
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Yahoo! YHOO – We were also looking at some YHOO contracts yesterday, although they didn’t have much open interest with the exception of the Weekly $55 Calls. Those ran from .10 to 1.01 for a 910% rip on the day.

Ability, Inc. ABIL

On Wednesday morning we flagged ABIL as a possible bottom-play and the subsequent activity over the ensuing two sessions has been excellent.

The first day it ran from .6298-.91, for a solid 44% rise, and yesterday, it one-upped its performancde with an intraday run from .80 to a new high of 1.69. It was good for a daily pop of 111% and a total two-session upswing over our observed low amounting to 168%

Delcath Systems, Inc. DCTH

We also want to mention DCTH this morning, a stock that had been in a continual downtrend for months on end. It just began to show life yesterday and is gapping up in premarket trading this morning, so we’ll just want to keep an eye peeled.

As we said, this stock has been ridiculously oversold for a long while, so the resulting snapback could turn out to be pretty impressive. .

Extended Watchlist:
ADHD, CAMT, GMO, OPTT, RADA